Quote:
Originally Posted by kthdsn  Why is everyone so interested in accumulating such a ridiculous amount of money? Since money transferred rather than created, there is a limited amount to go around. Making that much money means you are taking that much money away from others. Why not just earn what you need and leave it at that? |
WOW...of all places to see a quote like this, I would expect this the last place on earth to read....there is a limited amount of money to go around.
There really isn't. Maybe "paper-wise"...but no, they'd create more if the economy could sustain it.
First of all, a million dollars in net worth isn't really that much. Not if you're thinking about a nice home and decent investments. My husband doesn't want to retire until we have 3 mil in investments...so the $750,000 house doesn't count!
Here's why I think it's a great desire to acquire a million dollars....because you can get out of the rat-race. You can live off the passive income...and devote your life to your cause. At approximately $100,000 return on your $1 million investment, that should give you just enough to support a family and contribute both financially and time-wise to your "causes".
It's a great goal.....
Acquiring more than a million or two.....too worldly for me....then you have begin "worrying" about your money and it takes up a lot of time and creates stress in how to take care of all your stuff....but that's just me. (and I don't know from experience...just have friends in that boat!)
annie